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Level 1
March 6, 2021
Question

I already paid taxes on my 2020 unemployment income, but now the first 10200 is not taxable. Will I get a refund?

  • March 6, 2021
  • 6 replies
  • 24 views
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6 replies

DoninGA
Level 15
Level 15
March 6, 2021

No legislation has been passed and nothing has been signed by the President to change the tax code.

When and if this legislation actually changes the tax code the IRS will write the rules and the procedures and post those on the IRS website.

Alumni - Champ
March 6, 2021

Correct.  At this point, it is just under discussion.

fanfare
Level 15
March 6, 2021

I'm pretty sure this will not be retroactive. It applies to UI payments to you in 2021. UI will be extended to September.